Share buybacks have become a popular way for listed companies to return surplus cash to shareholders. In 2024, several large-cap and mid-cap companies have either completed or announced buyback programmes.
A buyback reduces the number of shares outstanding, which can improve earnings per share (EPS) and signal management’s confidence in the company’s financial position.
However, not every buyback automatically makes a stock attractive. Investors should evaluate valuation, growth visibility, and the company’s capital allocation track record before taking a call.